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Tarmo Virki

Finland's UPM to press on with $3 billion Uruguay pulp plant

10:54am BST

Finnish pulp and paper maker UPM said on Tuesday it has decided to go ahead with its plans to build a new pulp plant in Uruguay and it will invest around $3 billion (£2.41 billion) in the project.

Stora Enso sees weaker demand after second-quarter profits drop

19 Jul 2019

Finnish paper firm Stora Enso reported a bigger than forecast fall in quarterly profits on Friday and said it expected demand to deteriorate due to global trade tensions and Britain potentially crashing out of the European Union.

Fortum profit tops forecasts, Uniper talks continue

19 Jul 2019

Finnish utility Fortum beat second-quarter profit expectations on Friday, boosted by higher power prices and a rise in electricity generation volumes, and said it was continuing talks with bid target Uniper's management.

Nordea to review targets after tough second quarter for Nordic banks

18 Jul 2019

HELSINKI/COPENHAGEN Nordea , the biggest bank in the Nordics, said it would review its financial targets in coming months, as the region's lenders struggle with weak growth at home and rising compliance costs from money laundering scandals overseas.

Finland's Wartsila sees quarterly profits fall, warns of weaker demand

18 Jul 2019

HELSINKI Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.

Finland's Metso merges minerals technology arm with Outotec

04 Jul 2019

HELSINKI Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher.

UPDATE 2-Finland's Metso merges minerals technology arm with Outotec

04 Jul 2019

HELSINKI, July 4 Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher.

ECB policymakers unite behind stimulus pledge

01 Jul 2019

HELSINKI Euro zone inflation remains unacceptably low and the European Central Bank will ease policy further if necessary to boost price pressures, policymakers said on Monday, just weeks after ECB chief Mario Draghi hinted at more stimulus.

Exclusive: In push to replace Huawei, rural U.S. carriers are talking with Nokia and Ericsson

25 Jun 2019

HELSINKI/NEW YORK About a dozen rural U.S. telecom carriers that depend on Huawei for network gear are in discussions with its biggest rivals, Ericsson and Nokia, to replace their Chinese equipment, sources familiar with the matter said.

Uber's European rival Bolt enters London market, again

11 Jun 2019

TALLINN Estonia's Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber Technologies Inc.

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